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‘Beware of bitcoins, other virtual currencies’

Mumbai, Feb 2: The Reserve Bank of India (RBI) has cautioned the users of virtual currencies, including bitcoins, pointing out that it has not issued any licence or authorisation to any company to trade in these and that the users are doing it at their own risk. “The Reserve Bank of India advises that it has not given any licence or authorisation to any company to operate such schemes or deal with bitcoin or any virtual currency,” the Reserve Bank of India said in a statement on Wednesday.